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KNOWLEDGE LIBRARY

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27Jun

Warehouse Occupancy Percentage

Optimal storage utilization helps enforce healthy inventory management. In our early work with Honda their...

02Jun

Efficient Procurement Inventory

Efficient procurement inventory (EPI) is often required to realize steep discounts when a special opportunity...

02Jun

Inventory Carrying Rate

The inventory carrying rate (ICR) is the percent of the unit inventory value used to...

26Jun

Inventory Activity Profiling & Data Mining

Suppose you were sick and went to the doctor for a diagnosis and prescription.  When...

27Jun

Inventory Performance Measures

Inventory performance measures include financial, productivity , quality, and response time indicators for evaluating the efficiency and...

Supplier Managed Inventory

Consignment inventory (CSI) references inventory that is physically on our premises but not fiscally on our books. It is still owned by and sometimes managed by the vendor. Hence, this inventory is sometimes referred to as vendor managed inventory (VMI). One of our large computer clients has their entire supply base own and manage component inventory until it is picked from flow racks along their assembly line. When components are retrieved from the flow racks they become our client’s property. One of our mining clients houses large quantities of service parts maintenance inventory owned by the vendor up until the point it is picked by our client and placed on a piece of equipment.

 

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